The rich and powerful insist that taxing THEM stifles the economy. The only alternative is forcing the rest of us to carry an increasingly heavy burden with fewer and fewer social supports.
The Obama/McConnell tax bill guaranteed that whoever must bear the burden of cutting government spending and balancing the budget, it WILL NOT be the folks who make up less than 1 percent of our population yet who grab 37% of the money - among them those who caused the financial meltdown in the first place.
These folks will continue to reap their huge bonuses and pay low taxes on them. These folks do not have to worry about medical costs - they can afford (and get) the very best of care.
These folks do not have to worry about decaying inner cities - their ivory tower penthouses are isolated and protected from them.
These folks continued to stockpile their wealth while the rest of us saw our home values sink below the mortgages on them; our pensions plans disappear into the nether mist as companies cleansed themselves of their obligations in Chapter 11 reorganizations; our savings and bond holdings languish in zero interest accounts for years on end; our 401Ks evaporate in employer selected and managed mutual funds.
These folks run the corporations that control every cent we earn, pollute our water, air and food and transport our jobs to cheaper labor markets overseas at the same time they swallow up billions in corporate welfare.
The folks who push us into crushingly expensive military conflicts and then put the cost on the credit card - ours not theirs.
No those who will bear the budget balancing burden will be the "small people" - the folks who don't go to Davos, Switzerland to decide the economic fate of the planet. The folks who struggle to get by on less and less.
Here's what I think...
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